Valaris Limited

VAL

EnergySmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally. It operates through four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. It also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies. Valaris Limited was founded in 1975 and is based in Hamilton, Bermuda.

Valuation

Market Cap$6.4B

Current Price$79.31as of Jun 23, 2026

P/E Ratio6.55

P/B Ratio2.03

EV / EBITDA8.77

EV / Sales2.95

Profitability

Operating Margin20.9%

Net Profit Margin41.5%

EBITDA Margin33.7%

Returns

ROE31.0%

ROCE15.3%

ROIC %17.5%

ROA18.5%

Solvency

Current Ratio1.77

Debt / Equity0.37

Debt / Assets0.22

CFO / Net Profit0.56

Price History▲ 82.57% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$2.4B▲ 0.3%

EBITDA$797M▲ 38.2%

Net Profit$983M▲ 163.2%

Cash from Ops (CFO)$546M▲ 53.7%

Free Cash Flow (FCF)$203M▼ 303.3%

Revenue CAGR 3Y13.9%

Revenue CAGR 5Y-

Net Profit CAGR 3Y77.2%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$2.4B	$797M	$983M	$203M	31.0%	0.3%	163.2%
2024	$2.4B	$577M	$373M	$-100M	16.7%	32.4%	-56.9%
2023	$1.8B	$254M	$865M	$-429M	43.5%	11.3%	390.3%
2022	$1.6B	$361M	$177M	$-80M	13.7%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,602.50	1,784.20	2,362.60	2,369
Operating Revenue	-	1,602.50	1,784.20	2,362.60	2,369
Cost Of Revenue	-	1,474.40	1,644.70	1,883	1,776
Gross Profit	-	128.10	139.50	479.60	593
Operating Expense	-	80.90	99.30	116.30	97.10
Selling General And Administration	-	80.90	99.30	116.30	97.10
Total Expenses	-	1,555.30	1,744	1,999.30	1,873.10
Operating Income	-	47.20	40.20	363.30	495.90
Total Operating Income As Reported	-	37.20	53.50	352.30	477
EBITDA	-	361.40	254.20	577.10	797.40
Normalized EBITDA	-	242.50	258.30	563.50	720.40
EBIT	-	270.20	153.10	455	651.10
Interest Income	-	65.50	101.40	86.10	70.80
Interest Expense	-	45.30	68.90	84.80	98.80
Net Interest Income	-	20.20	32.50	1.30	-28
Other Non Operating Income Expenses	-	14.10	2.30	3	-1
Other Income Expense	-	157.50	11.50	5.60	84.40
Interest Income Non Operating	-	65.50	101.40	86.10	70.80
Interest Expense Non Operating	-	45.30	68.90	84.80	98.80
Net Non Operating Interest Income Expense	-	20.20	32.50	1.30	-28
Pretax Income	-	224.90	84.20	370.20	552.30
Tax Provision	-	43.10	-782.60	0.40	-426.80
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	22.83	-1.39	0.01	26.18
Net Income Continuous Operations	-	181.80	866.80	369.80	979.10
Net Income From Continuing And Discontinued Operation	-	176.50	865.40	373.40	982.80
Net Income From Continuing Operation Net Minority Interest	-	176.50	865.40	373.40	982.80
Net Income	-	176.50	865.40	373.40	982.80
Net Income Common Stockholders	-	176.50	865.40	373.40	982.80
Net Income Including Noncontrolling Interests	-	181.80	866.80	369.80	979.10
Normalized Income	-	80.43	868.11	359.81	931.98
Diluted NI Availto Com Stockholders	-	176.50	865.40	373.40	982.80
Basic Average Shares	-	75.10	74.12	72.08	70.60
Diluted Average Shares	-	75.60	74.97	72.92	70.90
Reconciled Depreciation	-	91.20	101.10	122.10	146.30
Reconciled Cost Of Revenue	-	1,474.40	1,644.70	1,883	1,776
Total Unusual Items	-	118.90	-4.10	13.60	77
Total Unusual Items Excluding Goodwill	-	118.90	-4.10	13.60	77
Minority Interests	-	-5.30	-1.40	3.60	3.70
Special Income Charges	-	106.70	-0.60	-0.20	91.30
Other Special Charges	-	-	29.20	-	-
Write Off	-	34.50	-	-	-
Impairment Of Capital Assets	-	34.50	0	0	27.30
Restructuring And Mergern Acquisition	-	2.40	0	-	-
Gain On Sale Of Security	-	12.20	-3.50	13.80	-14.30
General And Administrative Expense	-	80.90	99.30	116.30	97.10
Other Gand A	-	80.90	99.30	116.30	97.10
Salaries And Wages	-	-16.40	-0.90	-2.40	-
Gain On Sale Of Ppe	-	141.20	28.60	-0.20	118.60
Earnings From Equity Interest	-	24.50	13.30	-11	8.40

Peer Comparison

Energy sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Valaris Limitedthis co.	VAL	$6.4B	6.55↑ premium	2.03	31.0%	8.77
Solaris Energy Infrastructure, Inc.	SEI	$7.1B	236.27	12.63	5.3%	42.46
Uranium Energy Corp.	UEC	$6.9B	-79.08	7.05	-8.9%	-
Transocean Ltd.	RIG	$6.9B	-2.37	0.85	-36.0%	-7.08
Murphy Oil Corporation	MUR	$5.7B	54.97

Learn while you research

Hand-picked academy chapters to deepen your understanding of Valaris Limited and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.4B

$797M

$983M

$203M

31.0%

0.3%

163.2%

2024

$2.4B

$577M

$373M

$-100M

16.7%

32.4%

-56.9%

2023

$1.8B

$254M

$865M

$-429M

43.5%

11.3%

390.3%

2022

$1.6B

$361M

$177M

$-80M

13.7%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

1,602.50

1,784.20

2,362.60

2,369

Operating Revenue

1,602.50

1,784.20

2,362.60

2,369

Cost Of Revenue

1,474.40

1,644.70

1,883

1,776

Gross Profit

128.10

139.50

479.60

593

Operating Expense

80.90

99.30

116.30

97.10

Selling General And Administration

80.90

99.30

116.30

97.10

Total Expenses

1,555.30

1,744

1,999.30

1,873.10

Operating Income

47.20

40.20

363.30

495.90

Total Operating Income As Reported

37.20

53.50

352.30

477

EBITDA

361.40

254.20

577.10

797.40

Normalized EBITDA

242.50

258.30

563.50

720.40

EBIT

270.20

153.10

455

651.10

Interest Income

65.50

101.40

86.10

70.80

Interest Expense

45.30

68.90

84.80

98.80

Net Interest Income

20.20

32.50

1.30

-28

Other Non Operating Income Expenses

14.10

2.30

-1

Other Income Expense

157.50

11.50

5.60

84.40

Interest Income Non Operating

65.50

101.40

86.10

70.80

Interest Expense Non Operating

45.30

68.90

84.80

98.80

Net Non Operating Interest Income Expense

20.20

32.50

1.30

-28

Pretax Income

224.90

84.20

370.20

552.30

Tax Provision

43.10

-782.60

0.40

-426.80

Tax Rate For Calcs

Tax Effect Of Unusual Items

22.83

-1.39

0.01

26.18

Net Income Continuous Operations

181.80

866.80

369.80

979.10

Net Income From Continuing And Discontinued Operation

176.50

865.40

373.40

982.80

Net Income From Continuing Operation Net Minority Interest

176.50

865.40

373.40

982.80

Net Income

176.50

865.40

373.40

982.80

Net Income Common Stockholders

176.50

865.40

373.40

982.80

Net Income Including Noncontrolling Interests

181.80

866.80

369.80

979.10

Normalized Income

80.43

868.11

359.81

931.98

Diluted NI Availto Com Stockholders

176.50

865.40

373.40

982.80

Basic Average Shares

75.10

74.12

72.08

70.60

Diluted Average Shares

75.60

74.97

72.92

70.90

Reconciled Depreciation

91.20

101.10

122.10

146.30

Reconciled Cost Of Revenue

1,474.40

1,644.70

1,883

1,776

Total Unusual Items

118.90

-4.10

13.60

Total Unusual Items Excluding Goodwill

118.90

-4.10

13.60

Minority Interests

-5.30

-1.40

3.60

3.70

Special Income Charges

106.70

-0.60

-0.20

91.30

Other Special Charges

29.20

Write Off

34.50

Impairment Of Capital Assets

34.50

27.30

Restructuring And Mergern Acquisition

2.40

Gain On Sale Of Security

12.20

-3.50

13.80

-14.30

General And Administrative Expense

80.90

99.30

116.30

97.10

Other Gand A

80.90

99.30

116.30

97.10

Salaries And Wages

-16.40

-0.90

-2.40

Gain On Sale Of Ppe

141.20

28.60

-0.20

118.60

Earnings From Equity Interest

24.50

13.30

-11

8.40

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Valaris Limitedthis co.

VAL

$6.4B

6.55↑ premium

2.03

31.0%

8.77

Solaris Energy Infrastructure, Inc.

SEI

$7.1B

236.27

12.63

5.3%

42.46

Uranium Energy Corp.

UEC

$6.9B

-79.08

7.05

-8.9%

Transocean Ltd.

RIG

$6.9B

-2.37

0.85

-36.0%

-7.08

Murphy Oil Corporation

MUR

$5.7B

54.97

Valaris Limited

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Valaris Limited

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on